Insurance Companies
Met Life Auto & Home InsuranceFind BBB Accredited Businesses in Insurance Companies.
About
About This Business
Business Details
- Local BBB:
- BBB of Chicago & Northern Illinois
- BBB File Opened:
- 8/2/2011
- Business Started:
- 3/24/1868
- Business Started Locally:
- 1/1/2008
- Type of Entity:
- Corporation
- Business Management:
- Angela Holten, Sales Executive
Additional Contact Information
- Principal Contacts
- Angela Holten, Sales Executive
- Customer Contacts
- Angela Holten, Sales Executive
- Additional Phone Numbers
- Other Phone: (866) 971-0200
Licensing information
- On March 31, 2014, the New York State Department of Financial Services (DFS) announced that MetLife will pay $60 million for Insurance Law and other violations at its subsidiaries ALICO and DelAm, which it acquired from AIG in 2010. Investigations by DFS and the Manhattan District Attorney’s Office uncovered that those subsidiaries solicited insurance business in New York without a license and made intentional misrepresentations and omissions to DFS about those activities. Of the $60 million, a $50 million fine will be paid to DFS and $10 million will be paid to the Manhattan District Attorney’s Office. MetLife has also agreed to fully cooperate with DFS’s investigation concerning Insurance Law violations by AIG, ALICO, and DelAm, and other AIG subsidiaries and affiliates related to conduct prior to MetLife’s acquisition. That investigation remains ongoing and is not resolved. DFS is further requiring that MetLife take immediate steps to come into compliance with New York Insurance Law. The agreement requires licensing by DFS of the insurers and agents operating out of New York. ALICO and DelAm will be prohibited from, among other activities, underwriting, binding, or negotiating the terms or conditions of an insurance policy or contract – or advertising – in New York on behalf of alien or foreign insurers while they work to come into compliance with New York Insurance Law.
Additional Information
- Referral Assistance
- Illinois Department of Insurance
100 W. Randolph St. Suite 9-301
Chicago IL 60601
Phone Number: (312) 814-2420
http://www.idfpr.com/doi - Business Categories
- Insurance Companies
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